Brown-Forman (BF-B) Is At $55.49 Formed Wedge; Shorts at Dryships (DRYS) Lowered By 30.24%

DryShips Inc. (NASDAQ:DRYS) Logo

Dryships Inc (NASDAQ:DRYS) had a decrease of 30.24% in short interest. DRYS’s SI was 3.22 million shares in May as released by FINRA. Its down 30.24% from 4.62M shares previously. With 1.07 million avg volume, 3 days are for Dryships Inc (NASDAQ:DRYS)’s short sellers to cover DRYS’s short positions. The stock decreased 1.44% or $0.05 during the last trading session, reaching $3.43. About 382,817 shares traded. DryShips Inc. (NASDAQ:DRYS) has declined 99.73% since May 2, 2017 and is downtrending. It has underperformed by 111.28% the S&P500.

Brown-Forman Corporation (BF-B) formed wedge up with $59.37 target or 7.00% above today’s $55.49 share price. Brown-Forman Corporation (BF-B) has $25.80 billion valuation. The stock decreased 0.98% or $0.55 during the last trading session, reaching $55.49. About 563,617 shares traded. Brown-Forman Corporation (NYSE:BF.B) has risen 42.28% since May 2, 2017 and is uptrending. It has outperformed by 30.73% the S&P500.

DryShips Inc. owns and operates ocean going cargo vessels worldwide. The company has market cap of $348.00 million. It operates through two divisions, Drybulk and Offshore Support. It currently has negative earnings. The Drybulk segment offers drybulk commodities transportation services for the steel, electric utility, construction, and agri-food industries.

Among 12 analysts covering Brown-Forman (NYSE:BF.B), 1 have Buy rating, 2 Sell and 9 Hold. Therefore 8% are positive. Brown-Forman has $113 highest and $42 lowest target. $73.11’s average target is 31.75% above currents $55.49 stock price. Brown-Forman had 42 analyst reports since July 21, 2015 according to SRatingsIntel. On Friday, September 16 the stock rating was initiated by Credit Suisse with “Outperform”. Cowen & Co maintained the stock with “Hold” rating in Thursday, July 13 report. Suntrust Robinson downgraded the stock to “Hold” rating in Thursday, December 22 report. The rating was maintained by RBC Capital Markets on Tuesday, July 25 with “Hold”. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, December 8. The firm earned “Hold” rating on Tuesday, August 22 by Cowen & Co. Morgan Stanley downgraded the stock to “Underweight” rating in Monday, September 28 report. Stifel Nicolaus maintained it with “Hold” rating and $74.0 target in Friday, December 22 report. The firm earned “Hold” rating on Monday, November 6 by RBC Capital Markets. Cowen & Co maintained Brown-Forman Corporation (NYSE:BF.B) rating on Thursday, August 31. Cowen & Co has “Hold” rating and $54.0 target.